Elon Musk's social media platform X, previously Twitter, has reportedly regained its valuation of $44 billion, matching the price he initially paid for it. This recovery follows a secondary deal where current investors exchanged shares amid an ongoing primary fundraising effort of $2 billion aimed at paying off debt. Despite reported declines in revenue since Musk's tenure began, the platform posted $1.2 billion in adjusted profits last year. Musk's controversial moderation policies have led to advertiser exits, followed by legal actions against companies for allegedly conspiring to reduce revenue.
Elon Musk's social media platform, X, has seen its valuation rebound to $44 billion, marking a striking recovery as he aligns closely with Donald Trump.
Musk has loosened moderation policies, causing many advertisers to exit; he asserts they have attempted to blackmail him with boycotts.
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